Posted on: Saturday, February 5, 2005
State seeks Kaka'ako proposals
By Andrew Gomes
Advertiser Staff Writer
As many as 15 developers are expected to compete to remake 36 acres of state-owned land along the Kaka'ako waterfront, including some Mainland industry titans and experienced local firms.
Also throwing their hats into the ring were local companies Alexander & Baldwin Inc., Stanford Carr Development and Andy Anderson's Anekona Hawai'i Group, which has made previous proposals to redevelop the area.
Other participants with Hawai'i connections include Construction Management & Development Inc., Victoria Ward Centers owner General Growth Properties and KUD International, a unit of Japanese construction giant Kajima Corp. that once proposed developing a Kaka'ako aquarium.
The state envisions creating roughly 500,000 square feet of public and commercial space, 250,000 square feet of entertainment and retail, about 300 residential units and parking.
The 29-acre Kewalo boat harbor also is part of the project as an opportunity for private management and potential redevelopment that could include adding more slips.
March 11 is the deadline for contenders to submit formal proposals, the best of which may be described during public presentations in May. The state expects to select a proposal as early as September.
Reach Andrew Gomes at agomes@honoluluadvertiser.com or 525-8065.
Among contenders that said they intend to submit redevelopment proposals are entertainment-oriented retail developer The Mills Corp. out of Virginia, a unit of $5.9 billion Forest City Enterprises out of Ohio, Maryland-based real estate investment firm Townsend Capital LLC and Hunt Building Corp., a Texas firm redeveloping Navy property in Hawai'i.
